INDIA-BRITAIN

British Prime Minister David Cameron has called on India to further open key sectors of its economy to foreign investment and make it easier to do business there.

Mr. Cameron spoke to business leaders in India's commercial capital Mumbai Monday, at the start of a three-day visit to the South Asian country. He said Britian hoped India would make it easier for British insurance, banking and retail companies to invest in the country.

The British prime minister is leading a delegation of more than 100 British business executives, parliamentarians and education specialists.

"There are still many rules and regulations in the Indian economy associated with how you did things in the past, which we think if you change, will make your economy grow faster, will deliver more jobs, more wealth, more prosperity across your country."

The World Bank ranked India 132 out of 185 countries on its most recent annual report on ease of doing business worldwide.

While it said India's business climate has improved significantly since 2005, the World Bank still ranked India as the second most difficult country in the world in terms of enforcing contracts.